Question: Current Attempt in ProgressCoronado Landscaping Inc. is preparing its budget for the first quarter of 2 0 2 2 . The next step - is

Current Attempt in ProgressCoronado Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step-is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected: Clients usually pay 50% of their fee in the month when the service is provided, 40% the next month, and 10% in the second month after receiving the service. 2.Actual service revenues for 2021 and expected service revenues for 2022 are as follows: November 2021, $ 90,000; December 2021, $68,000; January 2022, $108,000; February 2022, $118,000; and March 2022, $129,000 The company pays for purchases of landscaping supplies (direct materials)60% in the month of purchase and 40% the following month. Actual purchases for 2021 and expected purchases for 2022 are: December 2021, $14,000; January 2022, $12,000; February 2022, $13,000; and March 2022, $18,000. Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total.

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